Costco price target raised to $1,070 from $1,065 at JPMorgan

JPMorgan raised the firm’s price target on Costco (COST) to $1,070 from $1,065 and keeps an Overweight rating on the shares following the fiscal Q2 report. The firm highlights ongoing momentum in the business and Costco’s share gains across its box and geographies. The company has leverage to a cyclical upswing in big ticket and “just-emerging” digital marketing and advertising revenue benefits, the analyst tells investors in a research note.